
Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 166 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Man who found pebbles in Anil Ambani's chopper found dead
- Sensex slips 370 pts on profit selling
- IcySpicy: Feroz Khan gave Hollywood edge to Bollywood films
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SEN SEX : 11,001.8 DOWN 48.1 % from 52-wk high
FOREX-Rs: USD 50.38 / EUR 65.50 / GBP 73.29
Please Note: Aug-Oct 2009 is expected to be a great period For Making Investments In India. Do Plan your investments in advance.
Do read Investment Advice for long-term investors, in this issue.
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Man who found pebbles in Anil Ambani's chopper found dead
Bharat Borge, the man who found pebbles in the fuel tank of industrialist Anil Ambani's helicopter, was on Tuesday found dead on railway tracks between Vile Parle and Andheri suburban stations, Railway Police said.
"Borge's body was found by police. A letter was found on his person," Government Railway Police Commissioner A K Sharma said.
Sharma refused to divulge the contents of the letter and added that the body has been sent to a local hospital for post-mortem. Railway Police sources said the body was found on Tuesday evening.
Borge was suspected to have been run over by a Churchgate-bound fast local train near Vile Parle. An identity card was found on him, which confirmed that he was an employee of Airworks company, which was responsible for maintaining Ambani's helicopter, Railway Police said.
http://timesofindia.indiatimes.com/Ambani-chopper-case-Key-witness-dead/articleshow/4460468.cms
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Sensex slips 370 pts on profit selling
Snapping a three-day rising streak, the Bombay Stock Exchange benchmark Sensex on Tuesday tumbled by over 370 points as funds and general investors sold aggressively blue-chip stocks, principally of realty firms and banks.
The Sensex, which had gained 5.1 per cent in the last three trading sessions, fell by 370.10 points, or 3.25 per cent, to 11,001.75, after touching the day's low of 10,961.76 points.
The key index has gained 35 per cent since sliding to its lowest in the year on March 9, making India one of the 10 best-performing stock markets in the world.
Selling pressure increased as major market players squared up pending positions ahead of the expiry of April contracts in derivatives.
A weak trend in global markets, weighed down by renewed concerns about the financial sector and fears about the swine-flu epidemic impacting world trade, dampened sentiment.
http://www.indianexpress.com/news/sensex-slips-370-pts-on-profit-selling/452099/
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IcySpicy
Feroz Khan gave Hollywood edge to Bollywood films
Feroz Khan, ace Bollywood heartthrob of yesteryears who lost the battle of life to cancer, gave Hollywood edge to the Mumbai film industry, a leading British newspaper commented.
69-year-old Feroz Khan who died yesterday was an Indian actor and producer who became one of Bollywood's biggest stars, ‘The Daily Telegraph’ said.
Despite his efforts to internationalise Bollywood films, Khan was faithful to many of the tropes of the genre.
He struck up smouldering onscreen relationships with a host of India's leading ladies; specialised in elaborate song-and-dance routines; and could throw a punch with the best of them.
His biggest triumph was Qurbani, a gangster film that stood out for its use of exotic foreign locations.
http://www.indianexpress.com/news/feroz-khan-gave-hollywood-edge-to-bollywood-films/452199/
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex came down by 3.3 % today.
SEN SEX : 11,001.8 (+3.3%) NIFTY: 3,362.4 (+3.1%)
DOWN..48.1 % from 21,206.77 the 52-week high of SENSEX
UP...........42.9 % from 7,697.39 the 52-week low of SENSEX
Investment & Wealth Creation Advice:
Please note that our advice is primarily for investors and not for speculators. Investors typically invest with 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue.
We expect Sensex to come down to 8000-9000 level in the next few months. We expect Aug-Oct 09 period to be a very good period for making investments in good stocks / mutual funds in India. So, do plan your investments in advance.
Also, those who want to invest in realty in India should wait for some time as the flat and land prices are expected to come down substantially in the next 3-4 quarters.
Do consult your investment advisor before making any investment decisions.
Do not purchase shares of a good company at a wrong price. Also, do not purchase shares of a bad company even at a very low price.
Do not put all your eggs in one basket. Diversify your portfolio to de-risk. Do not put more than 33% of your investible funds in stocks and/or mutual funds. Put 33% in Fixed-Interest instruments and the remaining 33% in real estate when real estate prices are low.
Do not invest in stocks, mutual funds or realty when their prices are quite high. From the high levels, these prices normally come down by about 40-50% and that is when many people lose their hard earned money in a big way.
Make sure that you are not one of those big losers.
Make sure that you invest when prices are low (and that is the case in 2009) and divest when prices are high (which will be the case in Q1-2011).
Please note that Aug-Oct 2009 is expected to be a great period for investing your money in stocks & mutual funds in India.
Click here to display NSE CNX NIFTY Chart
Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we are only making you aware of the investment opportunities in India at a broad level.
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